400-408 W Cocoa Beach Cswy 5,675 SF 100% Leased Retail Building Cocoa Beach, FL 32931 $6,936,712 CAD ($1,222.33 CAD/SF)

Amazing Cocoa Beach riverfront commercial opportunity on SR-520, the main gateway into Cocoa Beach. Listing price includes TWO parcels: Parcel ID 24-37-34-CI-46-11 and Parcel ID 24-37-34-CI-46-12.75, totaling 1.54 acres w/ approx. 500' of Indian River frontage. The property features an existing commercial/retail building, operating restaurant, and marina with 30 boat slips (3 w/ lifts), water/electric towers, and pump-out hatches throughout. The Restaurant Includes liquor license (conveys w/ building) and existing inventory. Multiple income streams: commercial leases, restaurant, marina, and redevelopment upside. City beautification planned for SR-520 entrance and a 221-unit mixed-use development planned across the street (The Drift). Exceptional visibility, waterfront access, and long-term appreciation potential. Zoning is GW (Gateway) in the City of Cocoa Beach; Future Land Use Redevelopment
The empty lot parcel of 0.49 acres is also zoned Gateway (GW) with waterfront redevelopment opportunity in Cocoa Beach with direct frontage along West End Road and rear exposure to the Banana River Lagoon. The site offers favorable development parameters with approximately 15’ front setback, 10’ side setbacks, and a 15’ rear waterfront setback (subject to final site plan approval). Ideal for a variety of redevelopment concepts within the City’s Redevelopment future land use framework, offering strong access to FL-520/Cocoa Beach Causeway and proximity to marina, dining, and entertainment uses.
Investment Highlights:
Four distinct income opportunities:
Rental income from commercial space to lease to three separate businesses
The restaurant, including liquor license and inventory
The marina with 30 boat slips, including three slips with boat lifts, electrical and water towers, and pump out hatches throughout
Future development potential: the half-acre riverfront lot could be suitable for an apartment or condominium project
Exceptional visibility on SR-520
Direct river frontage with marina access
Strong redevelopment and long-term appreciation potential
Additional Upside:
The City of Cocoa Beach plans to invest in beautifying the SR-520 entrance
A new apartment development is planned directly across the street. The Drift: A 221-unit multifamily development with retail and restaurants
Outstanding location offering both current income and future development potential
Recent Capital Improvements (last 8 years):
Updated sewer plumbing
Fire sprinkler system up to code
Metal roof replacement
Marina deck improvements
Marina & Lease Information:
The marina does not convey river rights. River rights are leased from the State of Florida under a 10-year lease. The lease started in 2023.
The parking lot east of the restaurant is currently leased from a neighboring owner. This is a 1 year lease and it started in November. However, that owner has expressed interest in selling the parcel, which also has river frontage, offering an additional 0.5 acre expansion opportunity.
Building details and Information
Beer, Wine and Liquor Consumption on Premises (4COP) license
6 HVAC system: the biggest one is 2025, two 2028, two 2010 and one 2012
2 water heaters 2018
All the sewer line has been replaced with PVC all the way to the street
Fire sprinklers lines have been updated up to code all around the building 2018
Metal roof 2018
2 tiki hats 2018
Marina deck 2014 with vinyl material
Seawall is original/ concrete
Sale Includes & Excludes:
Sale Includes
• Two commercial parcels totaling 1.54 acres
• Existing commercial building
• Operating restaurant
• Marina facilities
• Additional half-acre riverfront parcel used as parking
• Liquor license (4COP – conveys with the building)
• Existing restaurant inventory
Sale Does Not Include / Notes
• The parcel with the restaurant and marina does not include deeded river rights. However, it currently holds a 10-year river-rights lease with the State of Florida.
• Parking lot east of the restaurant (currently leased, not owned). The current lease is for 1 year.